BanksterCrime

Exposing Fraud in the Banking System

Featured Story

Bad News Money
Illustration: Natalie Peeples/Axios
 
Bitcoin is more accessible than ever with the January launch of spot ETFs, but before some investment pros can even talk about those flashy new tools, they have to do their homework… and maybe even pass a test.Why it matters: Waning enthusiasm around the bitcoin ETFs expressed by recent outflows threatens to fade the Year of Bitcoin — but that could change given the effort underway.The big picture: The next wave of ETF interest will reportedly include pension funds, endowments and at least one major brokerage platform. But institutional 🍊 adoption requires a great deal of education.When spot bitcoin ETFs debuted, some advisers and adviser networks got to work immediately, but even those efforts have required time.Zoom in: San Diego-based Cetera Financial Group, which has roughly 13,000 affiliated wealth advisers, was one of them, according to Matt Fries, head of investment products at the firm.The firm was aware of client demand around the bitcoin ETFs — albeit from a “specific type of investor” — and wanted to “find a way to get comfortable” with offering the products on their platform, he says.He described it as an all-hands situation, in which various parts of the firm got to work — analyzing the 11 spot bitcoin ETFs available, thinking about risk controls around exposure, and how to educate/train their advisers.How it worked: Cetera issued a policy announcement in mid-March, which detailed how its affiliated advisers could use the four selected bitcoin ETFs on its platform.Ahead of that announcement, some of the more gung-ho advisers completed required training and passed a test, Fries says, adding that their supervisors also had to complete training. Still, there are certain conditions — spot bitcoin ETFs are only allowed to be used in commission-based accounts, and not on advisory accounts where advisers would collect a fee. There are also limits on how much can be parked in them. Cetera’s goal isn’t to push bitcoin, it’s to push bitcoin education.”What we want is to provide advisers with clients asking those questions tools to have an educated conversation around that.”The bottom line: The first wave of adoption for bitcoin ETFs may have hit a wall. The next wave of growth will likely be fueled by another source.

Loading

Don't Miss

MetLife Investment Advisors LLC lessened its position in shares of Bancorpsouth Bank (NYSE:BXS) by 19.9% in the 4th quarter

By StevieRay Hansen

Why doesn’t God cause Christians to win the lottery so the money can be given to good causes? God doesn’t need the lottery to fund […]

Loading

Read More

Technical Investor Update for Bancorpsouth Inc (BXS)

By StevieRay Hansen

I have a confession to make. Every once in a while, when the lottery jackpot is worth at least a few hundred million dollars, I […]

Loading

Read More

Criminals got good service at Nordic banks

By StevieRay Hansen

Being “good” can get you far in our world. Good behavior wins praise, commuted jail terms, and tangible rewards. Good deeds net accolades and often […]

Loading

Read More

He is a no stranger to the readers of business and corporate crime.

By StevieRay Hansen

God did not overlook the corruption in Noah’s day: “Then the Lord saw that the wickedness of man was great in the earth, and that every […]

Loading

Read More

BancorpSouth Bank:Transgender robber convicted of stealing to fund sex change operations

By StevieRay Hansen

The Golden Rule is doing to others what you would want them to do to you. If you were living a life controlled by a […]

Loading

Read More
Posted in ,

StevieRay Hansen

In his riveting memoir, "A Long Journey Home", StevieRay Hansen will lead you through his incredible journey from homeless kid to multimillionaire oilman willing to give a helping hand to other throwaway kids. Available on Amazon.

Leave a Reply

Your email address will not be published. Required fields are marked *

You missed

"Make America Great Again," Godless Men

‘Open The F**kin’ Strait’: Trump Threatens To ‘Blow Everything Up’ If No Iran Deal By Tuesday

April 7, 2026 StevieRay Hansen
Bankster Crime

Open Letter to House Oversight and Government Reform Committee Chair James Comer, It Is Time to Identify the “Wall Street Financiers” in the Epstein Files

April 6, 2026 StevieRay Hansen
News

The Justice Department Has Completely Withheld the Epstein Files

April 5, 2026 StevieRay Hansen
News

Russia Will Stop At Nothing To End The Crisis In The Middle East, Putin Tells The Crown Prince of Saudi Arabia. WW3 Coming

April 3, 2026 StevieRay Hansen